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    Exam 20: Pricing Concepts
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    When the Price of a Product Is Set at a Level
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When the Price of a Product Is Set at a Level

Question 59

Question 59

Multiple Choice

When the price of a product is set at a level where demand and supply are the same,a state of _____ has been achieved.​


A) price equilibrium
B) ​stability
C) ​inelastic demand
D) symmetry

Correct Answer:

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